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Australian Accounting Standards Boards
Issue 42-11
26 October 2011
Website Update Alert
Subject: International Update
1. International
   

International Accounting Standards Board (IASB)

1.  The IASB has issued Exposure Draft ED/2011/5 Government Loans (proposed amendments to IFRS 1) for comment by 5 January 2012 (Press Release).

2.  The audio files from the 12 October 2011 meeting of the IASB representatives with the Capital Markets Advisory Committee are now available.

3.  The audio files from the 13 October 2011 IFRS Foundation Trustees Meeting are now available.

4.  The audio files from the 24 October 2011 IFRS Insurance Working Group Meeting are now available.

5.  Registration and the agenda papers for the 31 October - 1 November 2011 meeting of the IASB representatives with the Accounting Standards Board of Japan (ASBJ) are now available.

6.  Registration and the agenda papers for the 3-4 November 2011 IASB Interpretations Committee Meeting are now available.

7.  The IASB calendar has been updated.

The International Public Sector Accounting Standards Board (IPSASB)

1.  The IPSASB has issued Exposure Draft ED 46 Reporting on the Long-Term Sustainability of a Public Sector Entity’s Finances for comment by 29 February 2012.

2.  The IPSASB has issued a Consultation Paper Reporting Service Performance Information for comment by 14 April 2012 (Press Release).

 
 
   
2. United States of America
   

Financial Accounting Standards Board (FASB)

1.  The Action Alertvideo and minutes from the 19-20 October 2011 FASB/IASB Joint Meeting are now available.

2.  The Action Alert, video, and minutes from the 21 October 2011 FASB Board Meeting are now available.

3.  The FASB Chairman, Leslie F. Seidman, addressed the National Association of State Boards of Accountancy on 24 October 2011 with her remarks now available.

4.  The video and meeting handout from the 26 October 2011 FASB Board Meeting on disclosures about the risks and uncertainties and the liquidation basis of accounting are now available.

5.  The video from the 26 October 2011 FASB Education Session on the Impairment of Indefinite-lived Intangible Assets project is now available.

6.  The FASB calender has been updated.

 
 
   
3. Canada
   

Accounting Standards Board (AcSB)

1.  The decision summary from the 12 October 2011 AcSB Conference Call Meeting is now available.

2.  The AcSB's October 2011 FYI Newsletter is now available.

3.  The agenda for the 8 November 2011 AcSB Board Meeting is now available.

 
 
   
4. Asia & Oceania
   

Asian-Oceanian Standard-Setters Group (AOSSG)

1.  The AOSSG has submitted a comment letter to the IASB on the Exposure Draft ED/2011/3 Mandatory Effective Date of IFRS 9.

 
 
   
5. Europe
   

European Financial Reporting Advisory Group (EFRAG)

1.  The EFRAG has submitted its Endorsement Advice Letter and Effects Study Report to support the amendments proposed by the IASB to IAS 1 Presentation of Items of Other Comprehensive Income in May 2011.

2.  The EFRAG has submitted its Endorsement Advice Letter and Effects Study Report to support the amendments proposed by the IASB to IAS 19 Employee Benefits in June 2011.

3.  The EFRAG has updated the Endorsement Status Report accordingly to reflect its endorsements on the amendments to IAS 1 and IAS 19.

4.  The October 2011 EFRAG Update is now available.

5.  The EFRAG calendar has been updated.

European Securities and Markets Authority (ESMA)

1.  The ESMA has issued the second Annual Activity Report on its monitoring of IFRS enforcement in Europe (Press Release).

 
 
   
6. Japan
   

Accounting Standards Board of Japan (ASBJ)

1.  The ASBJ has submited its comment letter to the IASB on the Exposure Draft ED/2011/2 Improvements to IFRSs.

2.  The ASBJ has submitted its comment letter to the IASB on the Exposure Draft ED/2011/3 Mandatory Effective Date of IFRS 9.

 
 
   
7. New Zealand
   

External Reporting Board (XRB)

1.  The agenda and agenda papers for the 2 November 2011 New Zealand Accounting Standards Board (NZASB) Meeting are now available.

 
 
   
Contact AASB

The AASB International Update is provided as a courtesy to subscribers. Links to websites are correct at the time of publication. Subscribers should not rely on the service as a definitive publication of updates. The Australian Accounting Standards Board does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of the notification service. Invalid email addresses and those with a full mailbox will be removed from the list. Access to the AASB website is subject to the terms and conditions outlined at http://www.aasb.gov.au/Copyright.aspx.